Condo Conversion Ranked Top Selling New Development in New York City in 2016
Magnum Real Estate Group is pleased to announce that 389 E. 89 was the top selling new development in the city in 2016. Now with over 50% of the 156 residences sold within a year of launch, closings are commencing. Offering classic uptown living with a modern touch, 389 E. 89 quickly distinguished itself in a crowded marketplace by offering residences at attainable pricing.
“While our attainable pricing and location have been major factors in drawing interest, our rapid sales velocity is a result of buyers’ ability to experience the building firsthand and see the great value we are offering,” said Ben Shaoul, Founder and President of Magnum Real Estate Group. “Adding to the building’s success is not only our stunning interiors and full suite of amenities, but its close proximity to the new Second Avenue Subway.”
Setting a new standard for refined living on the Upper East Side, the 33-story condominium conversion offers interiors and public spaces designed by acclaimed architect-designer Paris Forino. 389 E. 89 offers spacious light-filled interiors that combine elegance with urban living.
With all of the 156 residences available for immediate occupancy, remaining inventory ranges from open lofts-to-three bedrooms. Additionally, most residences feature open city skyline views, while others have views of the Empire State Building and the East River. Remaining homes start at $740,000.
The amenity offering at 389 E. 89 includes a 24-hour concierge, state-of-the-art fitness center, children’s playroom, residents’ lounge with adjacent landscaped and furnished garden terrace, and a landscaped rooftop terrace with multiple entertainment areas.
The building is within short walking distance to Central Park to the west and Carl Schurz Park to the east and surrounded by excellent local restaurants, cultural institutions, notable primary schools and public transportation, including the recently launched Second Avenue subway.
Corcoran Sunshine Marketing Group is the exclusive marketing and sales agent for 389 E. 89. For more information or to schedule an appointment, please call 212.987.8989 or visit their website at 389e89.com.
